September 2008

INA Board Terms MOL Offer "Acceptable"

The board of Croatian oil company INA has taken a stand on a public offer made by Hungary's MOL on all outstanding INA shares except those held by the Croatian state, and found it "acceptable".


Specialists Predict Price of Electricity to Rise in Hungary Over Short- And Mid-Term

Power-industry specialists and officials participating in a Magyar Elektrotechnikai Egyesulet (Hungarian Electricity Association) conference predicted that the price of electricity would continue to rise.

Borsodi Muhely Inaugurates HUF 1 Billion Plant Expansion in Gyor

Borsodi Muhely inaugurated a HUF 1 billion expansion of its plant in Gyor (NW Hungary) where it will make custom-made machine parts and production equipment for the aircraft industry.

OTP Bank Sets up Cyprus-Based Company

Hungary's OTP Bank said it has established OTP HOLDING LIMITED, a company registered in Cyprus.

Richter, Merck Reach Out-Of-Court Settlement in Patent Case

US drug maker Merck and Hungarian peer Richter said in a joint statement on September 15th 2008, that they reached an out-of-court settlement in a patent dispute over a drug against bone loss.

Consumer Price Inflation Slows to 6.5 Pct in August


Twelve-month consumer price inflation slowed to 6.5 pct in August from 6.7 pct in July, the Hungarian Central Statistical Office (KSH) said on September 11th 2008. 


News Monitoring